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South Korean Nov industrial output +0.4% m/m, a rebound after losing for 4 straight months

South Korean Nov industrial output +0.4% m/m, a rebound after losing for 4 straight months

South Korea November data:

  • industrial output s/adj +0.4% m/m (expected -0.8%, prior revised to -3.5%)
  • industrial output -3.7% y/y (expected -4.0%, prior -1.2%)
  • service sector output s/adj -0.6% m/m (prior -1.1%)
  • retail sales s/adj -1.8% m/m, a third consecutive monthly drop

South Korea is often referred to as a bellwether for the global economy. The rebound in IP in November is welcome, but I'd suggest that with COVID cases surging in China,... Read More

Posted: Dec 28 2022, 23:13
Author Name: forexlive
Views: 110878

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